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Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back […]

via The Subprime Mortgage Is Back: It’s 2008 All Over Again! — Easy Money

This is very bad news for the economy as this will make the real estate bubble grow even larger and guarantees that the next real estate crash will be several orders of magnitude worse than the last one.

 

Foreclosures lead to profits for house flippers

http://www.truth-out.org/opinion/item/41151-foreclosures-lead-to-flippers-profits The United States has entered a new phase of residential foreclosure. The basic narrative is shocking: House-flippers are being allowed to push troubled homeowners out of their houses. As a neighbor of mine said, succinctly, “It’s cheaper for them.” In an ugly way, house flipping is a sweet deal in any area where the […]

via Foreclosures Lead to Flippers’ Profits — Livinglies’s Weblog

That is outrageous that anyone that has a direct pecuniary interest in foreclosing on a homeowner would ever be allowed to become a substitute trustee.  This practice needs to stop now.

 

Pennsylvania woman’s lawsuit against her former attorneys’ can proceed

A woman claiming she had to sell her home because of her lawyers’ botched foreclosure work can move forward with her legal malpractice and fraud suit, a federal judge has ruled. Christine Bernstein sued Keaveney Legal Group along with lawyers James P. Keaveney and Joshua Thomas for violations of the Pennsylvania Unfair Trade Practices and […]

via Legal Mal Suit Against Foreclosure Lawyers Proceeds — Livinglies’s Weblog

That is good news that this woman will have her day in Court against the attorney’s that took $8,000.00 from her yet failed to do what they were paid to do.

 

Trouble is brewing in banker paradise

Authored by Adam Taggart via PeakProsperity.com, In our recent report, Banks Are Evil, we pulled no punches in making the accusation that the financial system is the root cause of injustice in today’s society.ADVERTISING It’s a good blood-boiler. You should read it if you haven’t already. Its main premise is this: In my opinion, it’s […]

via Sympathy For The Devil? Trouble Is Brewing In Banker Paradise — Livinglies’s Weblog

FOIA requests for information on bidding and title issues.

Concealed information may still be available. An increasing number of people have showed me that they did receive documents that were responsive to their requests from a government agency — VA, Fannie Mae, Freddie Mac, Sallie Mae etc. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A […]

via Don’t Forget FOIA Requests — Info on Bidding and Title — Livinglies’s Weblog

Ocwen stock is tanking fast

Update: The Consumer Financial Protection Bureau just sued Ocwen for “failing borrowers throughout mortgage servicing process. It says “mortgage servicer’s widespread errors, shortcuts, and runarounds cost borrowers money, homes.” CFPB Press Release CFPB Complaint The Commissioner of Financial Regulation for the State of Maryland issued a Summary Order to Cease and Desist and Partial Summary […]

via Ocwen Stock Tanking in Wake of Cease and Desist Order — Findsen Law

Ocwen fabricates mortgage documents

Ocwen is the bottom-feeder of mortgage servicing companies. Most survey’s rank Ocwen as the absolute worst in customer service and accountability including consumer research by J.D. Powers. Ocwen acts as a debt-collector and our experience at LendingLies is that Ocwen often cannot identify the true creditor or provide any documentation demonstrating who owns the loan. […]

via Sub-Prime Mortgage Servicer Ocwen fabricates Mortgage Documents — Livinglies’s Weblog

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